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Navigating the process of buying a new home in Meridianville, AL while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Meridianville, AL or getting it ready for the market.
Identify the new home you want to buy in Meridianville, AL, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Meridianville, AL often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Meridianville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Meridianville, AL. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Meridianville, AL do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Meridianville, AL may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Meridianville, AL provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Meridianville, AL to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans offer residents of Meridianville, Alabama, a flexible financing option that bridges the gap between the purchase of a new home and the sale of their existing one. These loans provide immediate funds for down payments or closing costs, allowing homeowners to secure their new property without having to wait for their old home to sell. The population of Meridianville is approximately 6,000 residents, with a median age of 36. This quaint town offers a suburban feel with a mix of urban amenities. The community is close-knit, family-friendly, and boasts a diverse population, making it an ideal place to raise a family or retire. The housing market in Meridianville is thriving, with a steady increase in property values over the past few years. The median home price is $250,000, making it an affordable option for first-time buyers and families looking to upgrade. Bridge loans provide homeowners with the financial flexibility to make competitive offers and secure their dream home in this competitive market. Meridianville is conveniently located near major attractions such as the U.S. Space and Rocket Center, Monte Sano State Park, and the Huntsville Botanical Garden. Residents can enjoy outdoor activities, cultural events, and a variety of dining and shopping options, making Meridianville a desirable place to call home.
Benefits of Bridge Loans in Meridianville, Alabama
